Intracom Constructions (Greece) Market Value
| INKAT Stock | EUR 4.81 0.01 0.21% |
| Symbol | Intracom |
Intracom Constructions 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Intracom Constructions' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Intracom Constructions.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Intracom Constructions on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Intracom Constructions Societe or generate 0.0% return on investment in Intracom Constructions over 30 days. Intracom Constructions is related to or competes with Mytilineos, Intracom Holdings, Ellaktor, GEK TERNA, and Hellenic Petroleum. Intracom Constructions Societe Anonyme Technical and Steel Constructions, together with its subsidiaries, engages in the... More
Intracom Constructions Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Intracom Constructions' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Intracom Constructions Societe upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.66 | |||
| Value At Risk | (2.08) | |||
| Potential Upside | 1.87 |
Intracom Constructions Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Intracom Constructions' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Intracom Constructions' standard deviation. In reality, there are many statistical measures that can use Intracom Constructions historical prices to predict the future Intracom Constructions' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.24) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Intracom Constructions' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Intracom Constructions Backtested Returns
Intracom Constructions holds Efficiency (Sharpe) Ratio of -0.042, which attests that the entity had a -0.042% return per unit of risk over the last 3 months. Intracom Constructions exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Intracom Constructions' Market Risk Adjusted Performance of (0.23), standard deviation of 1.24, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.28, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Intracom Constructions' returns are expected to increase less than the market. However, during the bear market, the loss of holding Intracom Constructions is expected to be smaller as well. At this point, Intracom Constructions has a negative expected return of -0.0527%. Please make sure to check out Intracom Constructions' maximum drawdown, accumulation distribution, as well as the relationship between the Accumulation Distribution and market facilitation index , to decide if Intracom Constructions performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.06 |
Virtually no predictability
Intracom Constructions Societe has virtually no predictability. Overlapping area represents the amount of predictability between Intracom Constructions time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Intracom Constructions price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Intracom Constructions price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.06 | |
| Spearman Rank Test | -0.92 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Intracom Constructions lagged returns against current returns
Autocorrelation, which is Intracom Constructions stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Intracom Constructions' stock expected returns. We can calculate the autocorrelation of Intracom Constructions returns to help us make a trade decision. For example, suppose you find that Intracom Constructions has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
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Intracom Constructions regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Intracom Constructions stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Intracom Constructions stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Intracom Constructions stock over time.
Current vs Lagged Prices |
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Intracom Constructions Lagged Returns
When evaluating Intracom Constructions' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Intracom Constructions stock have on its future price. Intracom Constructions autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Intracom Constructions autocorrelation shows the relationship between Intracom Constructions stock current value and its past values and can show if there is a momentum factor associated with investing in Intracom Constructions Societe.
Regressed Prices |
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Thematic Opportunities
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Other Information on Investing in Intracom Stock
Intracom Constructions financial ratios help investors to determine whether Intracom Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Intracom with respect to the benefits of owning Intracom Constructions security.